\*\*1.\*\* \*\*Purchase Options\*\*.



(a) \_Early Purchase Option\_. So long as no Event of Default shall then exist,
Lessee may, upon providing notice to Lessor in accordance with Section 4
below, purchase the Aircraft for an amount, payable in immediately available
funds, equal to the sum of (i) the Fair Market Sales Value of the Aircraft as
of the date of Lessee’s purchase pursuant to this Section 1(a), determined in
accordance with Section 3 hereof, provided that in no event shall the Fair
Market Sales Value of the Aircraft exceed the Casualty Value of the Aircraft
as of the date of Lessee’s purchase pursuant to this Section 1(a), plus (ii)
any applicable Impositions resulting from such sale, plus (iii) any Basic Rent
due and payable on or before the purchase date and all other accrued and
unpaid Rent.



(b) \_End of Term Purchase Option\_. So long as no Event of Default shall then
exist, and Lessee shall not have elected to purchase the aircraft pursuant to
subsection (a) above or to return the Aircraft pursuant to the Return
Addendum, Lessee may, upon providing notice to Lessor in accordance with
Section 4 below, purchase the Aircraft on the Expiration Date for an amount,
payable in immediately available funds, equal to the Fair Market Sales Value
of the Aircraft as of the end of the Basic Term, determined in accordance with
Section 3 hereof, plus any applicable Impositions resulting from such sale,
together with any Basic Rent due and payable on or before the Expiration Date
and all other accrued and unpaid Rent. In no event shall the Fair Market Sales
Value of the Aircraft exceed $2,920,500 for the purpose of this Section 1.